The price of shares of the former parent company of Yandex, which changed its name to Nebius Group (formerly Yandex NV), lost 24.93% at the moment, falling to $14.25 per share. should from trading data at 16:30 Moscow time. By 17:18 Moscow time, shares had risen to $16.64.
Shares of the former parent company of Yandex immediately lost 25% on Nasdaq
Author: Nikolai Tikhonov
The American Nasdaq exchange resumed trading in Nebius Group shares on October 21 under the ticker NBIS. They have been suspended since February 2022.
Securities on the Moscow Exchange and Nasdaq were previously traded under the ticker YNDX, and the Dutch company itself was called Yandex NV. In July, the delisting process from the Moscow Exchange was completed, and in August, Yandex NV changed its name to Nebius Group NV as part of a business reorganization.
After the sale of Russian assets, the company was able to return to Nasdaq.
Earlier last week, Nebius Group CEO and Yandex co-founder Arkady Volozh said that returning to the Nasdaq exchange opens a new chapter for the company, which is focused on developing infrastructure for artificial intelligence. Volozh emphasized that the company expects to increase annual revenue to $170–190 million.
Cover photo: NurPhoto /
Source: rb.ru
